IE Business School (Spain) 2009 admits

Hi everyone, I recently got an admit from IE Business School for its November intake of International MBA. My profile: Engineer, decent acads, strong extra-curricular, 740 GMAT 210 TOEFL, 3 years work-ex in Professional services Every...

About Me: GMAT-700, TOEFL-110, BBA from a good university plus a diploma course (12+4) , excellent co-curricular, GPA:3.5 (Approx), 2 year experience in Media Management (1 in Electronic media -NDTV and 1 yr in print media).

I don't doubt my credentials, but I seriously lack the experience here. I have checked websites of many universities. Do I really need an experience of 4 years? Or should I apply already (April)? Any suggestions?

I read the previous comments about uncertainity of a Job and that I know only IIMs matter in India, but is anyone here who have got a good job in India ( I mean can repay the Loan in a small period of time 20-30 lac job)?

Neo,Thanks for replying !My query has more to do with the Post MBA Scenario in Spain at the moment,

Re-reading your original query, I would never have guessed that this is what you were asking. Your question was all about coming back to India and paying off your loan. A few people have done that before (somebody i know came back from HEC-Paris) Which means I was completely thrown off by your "consultant-speak." :)

hence expected some inputs.

If that is what you really were after, perhaps asking that clearly would have gotten you better answers. If you are asking people to take time out to give you some inputs, the least you could've done was explained where you were right now career-wise, what you wanted/hoped to get out of the IE MBA and whether going for it now/near future made sense. In that case, you've given all of us data-points to talk around, discuss the market as-is in your current sector in Spain and help you better.

The question may have made sense to you in your head, but we don't know where you are coming from. If the only thing you come up and say is "should i spend 48Lakhs to do an MBA but I don't know if I'll get a job there", obviously the only thing you are going to get is cautionary answers.

Are you looking for an assurance that you will definitely get a job in Spain? Nobody is going to give you that. Doing an International MBA always carries the risk that you may not have a job at the end of it and if you have to come back to India and work for an IT major, then Yes, that is what you will have to do. A 48Lakh loan is about 24k(?) per month EMI? That is something you will have to factor in.

As Van clearly pointed out, YOU need to be sure about this. A lot of this is going to be your parent's money. Understand wisely if you really want to risk your parents hard-earned money on something YOU yourself are not sure of. Steve Jobs dropped out of college because he couldn't justify spending his parents hard-earned money on something that wasn't giving him any value. You need to ask yourself whether you aren't better off going to a different college that meets your needs better.

Neo,Thanks for replying !

Not Sure if we are on the same page.

My query has more to do with the Post MBA Scenario in Spain at the moment, "Parents Money" talk is good,let's face it ,we are adults & do understand the Risks.

I am a Strategy Consultant with over 6 Years Spanning Across Core Business Issues hence expected some inputs. What i was getting were monotonous cautionary signals.

"Thats why one should go there only if he/she is has a clear plan and is confident of landing a job"Whoa ! Thanks for that well laid out reply.I guess you are an Alum or an applicantEither case , great help.Thanks again

Are you looking for an assurance that you will definitely get a job in Spain? Nobody is going to give you that. Doing an International MBA always carries the risk that you may not have a job at the end of it and if you have to come back to India and work for an IT major, then Yes, that is what you will have to do. A 48Lakh loan is about 24k(?) per month EMI? That is something you will have to factor in.

As Van clearly pointed out, YOU need to be sure about this. A lot of this is going to be your parent's money. Understand wisely if you really want to risk your parents hard-earned money on something YOU yourself are not sure of. Steve Jobs dropped out of college because he couldn't justify spending his parents hard-earned money on something that wasn't giving him any value. You need to ask yourself whether you aren't better off going to a different college that meets your needs better.